In constantly expanding cities like Toronto, the construction never really stops. While it may feel like the city is already big enough now, real estate developers are always making plans for what they believe the city may need a few years in advance.
As developers make plans behind closed doors about what the future of our city will look like, lots of people interested in Toronto’s real estate economy patiently wait for any news about upcoming pre-construction developments.
Whether they’re potential buyers, real estate investors, or individuals eager to know how the GTA will change over the next few years, pre-construction real estate projects always seem to drum up a lot of interest.
As GTA real estate industry professionals, we’re among the first to know about those upcoming pre-construction developments. Which is why we’re sharing our insider insight into the 7 most interesting new pre-construction projects with you here.
1. Pier 27 — Phase 3
Located at 25 and 35 Queens Quay East in Toronto, Phase 3 of the Cityzen development group’s Pier 27 project is due to begin construction in this highly desirable area of the city’s harbourfront along Queens Quay.
The final stage of the long-term development project called Pier 27, Phase 3 will include two new buildings and several commercial and retail spaces once opened. Phase 3’s west building is projected to be 45 storeys tall with the capacity to house 449 residential units, with the east building projected to be 11 storeys tall and have the capacity to house 136 residential units.
Based on the success of Pier 27’s initial two stages, we believe that Phase 3 will see similar success. Once completed, Phase 3 will have rounded out this longstanding harbourfront development project by development group Cityzen, who has been very active in the development and home building industry for over 30 years.
Although Phase 3 is still in its early planning stages, we definitely think this will be a fantastic project for investors and homeowners alike, especially given the reputation for quality and design Cityzen group and Pier 27 already have within Toronto.
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2. Natasha Residences
Well-known Toronto-based real estate development company Lanterra Developments has come together to plan the latest of their comprehensive set of downtown Toronto condo developments, Natasha Residences.
Found at 263 Adelaide Street West near John Street in Toronto’s Entertainment District, Natasha Residences will be set in a prime location within one of the city’s most busy and vibrant neighbourhoods.
Working closely with fellow Canada-based architecture, design, and urbanism firm BDP Quadrangle, Lanterra has designed Natasha Residences to hold 438 individual suites. Set to launch in the summer of 2021, pricing for units will begin within the $500,000 range.
While Lanterra Developments isn’t giving away too much just yet about Natasha Residences just yet, you can register here to learn about the project when more information becomes available.
There’s never a dull moment in Toronto’s Downtown West neighbourhood, which is where the Natasha Residences will be based. Learn more about it in our Dowtown West Neighbourhood Guide here.
3. The Capitol Residences
Based in both Toronto and New York City, Madison Group is a real estate development group that is responsible for creating some of the most high-quality and desirable real estate developments on the east coast of North America.
From standalone single-family homes to entire high-rise condo buildings, Madison Group stands for quality and innovation in the real estate economy, which has been exemplified in their latest Toronto project, The Capitol Residences.
Located at 2500 Yonge Street, just a few streets north of Eglinton Avenue, The Capitol Residences is a new condo development that has been built above and around the iconic Capitol Theatre. As an homage to the legendary theatre based in North Toronto, The Capitol Residences will preserve much of the theatre’s original facade, with the additional architectural elements honouring the early-20th century Classical Revival style.
Slated to be 14 storeys tall and housing 145 separate units, The Capitol Residences is set to make a dramatic entrance to the mid-town market. The project as a whole is earmarked to launch by mid-2021, however, Madison Group is currently taking registrations.
Yonge and Eglinton is a mid-town neighbourhood that’s seen some major development in recent years. Learn more about what the new-look community has to offer in our Yonge and Eglinton Neighbourhood Guide here.
Just a few years ago, many would have avoided Toronto’s Regent Park neighbourhood due to low safety ratings and underdevelopment by the city. Today, however, Regent Park looks to have secured quite a bright future for itself.
It’s no coincidence that big-name real estate development group Broccolini has something to do with that shift, as their plans for LeftBank, a new urban development community, are based within the Regent Park area.
Located at 91 River Street at the intersection of River Street and Dundas Street East, LeftBank’s primary condo development building will be a 34-storey skyscraper, housing a projected 385 suites.
Featuring modern, eye-catching designs and lust-worthy views overlooking Toronto’s Don River, it’s rumoured that Broccolini will price their new units starting no lower than the $500,000 price range.
With an anticipated launch date of 2025, there’s still time to wait and see how Regent Park will continue to transform in the years to come before investing in LeftBank. However, if Broccolini’s involved with the project, it’s probably a good indication that any money you put down will prove to be spent well.
Not convinced about Regent Park just yet? What if we told you it was featured as one of our 5 Up-And-Coming Neighbourhoods For Investment In Toronto blog post?
5. The Mason at Brightwater
Currently in its pre-construction phase, Brightwater is a brand-new urban waterfront planned community located in the vibrant neighbourhood of Port Credit in Mississauga.
Surrounded by many pre-existing, thoroughly popular shops, restaurants, and small businesses, Brightwater will be a massive new development entering into an already attractive space along Mississauga’s stretch of Lake Ontario shoreline.
This projected new Port Credit development community is a collaborative effort between builders Kilmer Group, Diamondcorp, Dream, and Fram + Slokker, with architecture firm architectsAlliance responsible for heading the designs.
Currently, Brightwater’s individual condo building, The Mason, which is set to be located at 70 Mississauga Road South, is now accepting registrations. The Mason will have a total of 160 units with pricing starting from the high $500,000’s.
For those interested in learning more about purchasing a unit at The Mason within this enormous new Port Credit development community, unit sales will be exclusively done through Baker Real Estate Incorporated, beginning in the summer of 2021.
Port Credit is one of the best neighbourhoods in Mississauga to live in. So much so that we wrote a detailed Port Credit neighbourhood guide here!
6. North Oak 2
While international real estate development group Minto has already made a big impression on the desirable North Oakville area, they haven’t planned to slow down the development of their master-planned community, North Oakvillage, just yet.
The newest addition to Minto’s popular Oakvillage community will be the North Oak 2 condo building, which will be located at 3315 Trafalgar Road at the intersection of Dundas Street East and Trafalgar Road in North Oakville.
Minto has made the environmental ethos of North Oak 2 abundantly clear from the project’s outset — the development company wants the future residents of the Oakvillage condo building to feel a closer connection to nature. Early design rendering of North Oak 2 show the heavy inclusion of plants, green tech, and natural green spaces both within and surrounding the building, which will additionally be located near 300 kilometres of nature trails and conservation areas.
Standing tall at 20 storeys high, North Oak 2 will be home to 374 individual units, starting at prices from the mid $500,000 range. North Oak 2 is expected to accommodate resident occupancy by Fall 2024, giving you ample time to start learning more about what it’s like to live in North Oakville.
Back in 2018, MoneySense Magazine voted Oakville as the Best Place To Live In Canada. While we didn’t get to vote in that particular election, we have every reason to agree with the verdict. Here’s why:
- 5 Beautiful Oakville Neighbourhoods To Call Home
- 4 Highly-Reputable Schools In Oakville
- Our Neighbourhood Guide To Oakville
Development company Camrost Felcorp’s new four-tower development community, The Exchange District, is touted to begin construction on the final piece of their planned community, Exchange District 3 (also known as EX3).
Located at 151 City Centre Drive in Mississauga, directly across the street from Square One, Canada’s second-largest shopping mall, EX3 will be about as centrally located in Mississauga as you could ask for. A wide selection of shops, restaurants, public transit, and local amenities will be just steps away from the future residents of EX3, as Camrost Felcorp seeks to provide the ultimate modern residential living experience in downtown Mississauga.
Measuring in at a projected 72 stories, EX3 promises to be one of the tallest buildings in the area, and will boast expansive views of the city and neighbouring communities from all vantage points.
Registration for units within EX3 will begin the second week of August 2021, so if you’re keen to make your interest in securing a unit known early on, don’t wait too long to contact us directly here.
Eager to learn more about what it’s like to live in Mississauga? Our local Mississauga real estate expertise can help. Do some more research by reading our latest Mississauga-focused content here!
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